market-capitalisation
Top StoriesBiden Savors Israel ‘homecoming’ as High-Wire Saudi Leg Looms
Top StoriesNetflix in Talks With Hollywood Studios for New Tier With Ads – Wsj
Top StoriesMusk Makes Meme on Twitter Legal Threat After Scrapping $44 Billion Deal
Top StoriesTesla’s Run of Record Deliveries May Be Reaching the End of the Road
Buckle Up: How Investors Can Deal With Crypto Turbulence
Date: June 30, 2022
By Chris Taylor NEW YORK (Reuters) – When Doug Milnes started buying cryptocurrencies in January of this year, he felt like it could become an entirely new asset class for investors. Right now what it is making him feel is extremely unsettled. The marketing executive from Summit, New Jersey, says his holdings, including a number...
Russia’s Grinding Battlefield Gains Seen Driven by New Tactics
Date: June 27, 2022
By Tom Balmforth KYIV (Reuters) -It took Russia weeks of fierce fighting, an untold number of casualties, and relentless shelling before the exhausted Ukrainian defenders of Sievierodonetsk received orders to quit its smouldering wreckage. “Remaining in positions smashed to pieces over many months just for the sake of staying there does not make sense,” Serhiy...
Juul E-Cigarettes to Be Ordered Off U.S. Shelves – Wsj
Date: June 22, 2022
By Praveen Paramasivam (Reuters) -The U.S. Food and Drug Administration is preparing to order Juul Labs Inc to take its e-cigarettes off the market in the United States, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares in tobacco giant Altria Group, which owns a 35% stake in the vaping...
Umicore Plan to Double Down on Battery Business Knocks Almost $1 Billion Off Market Cap
Date: June 22, 2022
By Olivier Sorgho and Sarah Morland (Reuters) -Belgium’s Umicore on Wednesday presented a 5 billion euro plan to bulk up its battery materials business by 2026, as it prepares for soaring demand largely driven by electrical vehicle production. Averaging some one billion euros of spending per year, the price tag roughly doubled analysts’ forecasts, sending...
Crypto Industry Fears Contagion as Bitcoin Slips Under $20,000
Date: June 20, 2022
By Alun John and Elizabeth Howcroft LONDON/HONG KONG (Reuters) – The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of...
Market Positioning Suggests More Pain for Equities Despite Rout – BofA
Date: June 17, 2022
By Saikat Chatterjee LONDON (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem in financial markets in 2020, signalling extreme bearishness as investors dumped credit and crypto assets. Though U.S. stocks confirmed a bear market this week that began in January this year and...